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MARKET OVERVIEW

GEOGRAPHIC OPPORTUNITY

Legalized Medical Marijuana

Legalized Medical and Recreational Marijuana

Legalized Medical Marijuana with Limited THC Content

  • Medical marijuana is legal in 35 states 

  • 15 of these 35 states have also legalized recreational marijuana use for the purpose of allowing products that are rich in CBD

  • 14 other states have more restrictive laws limiting THC content 

  • States allowing legal recreational use include: AK, AZ, CA, CO, IL, ME, MA, MI, MT, NV, NJ, OR, VT and WA 

  • States allowing legal medical use include: FL, NM, PA, MS, CT, DE, HI, LA, MD, MN, MO, NH, NY, ND, OH, OK, and RI

$60 BILLION IN UNTAPPED LEGAL REVENUE

In a $60.0B total market - there is an untapped legal revenue

opportunity that will rival the biggest brands in the world.

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$60.0B

Estimated Demand 

for Recreational Cannabis by 2023

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PROJECTED CANNABIS MARKET GROWTH IN THE U.S.

MARKET STATISTICS

  • Recreational markets (“REC”) have projected 19.4% growth from 2020 to 2021

  • Medical markets (“MED”) have projected 18.2% growth from 2020 to 2021

  • Interest in illicit markets are projected to decrease by 10.9%

MARKET SHARE BY STATE - MEDICAL AND RECREATIONAL (2019)

MARKET STATISTICS

  • Arizona: Estimated $770-910 million by end of year (2020)  

  • California: Estimated approx. $2.1 billion (Jan-July, 2020)   

  • Colorado: Estimated $980 million (Jan-Jun, 2020)   

  • Connecticut: Estimated $130-160 million by end of year (2020)

  • Michigan: Estimated $400-475 million (2020)     

  • Nevada: Estimated $650 million by end of year (2020)     

  • Oregon: Estimated $415 million by end of May (2020)

GREENROSE FOOTPRINT AND HIGHLIGHTS

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FINANCIAL PERFORMANCE OVERVIEW 

  • Cash flow / EBITDA positive out of the gate 
    Projected 2020 EBITDA $29 million 
    Projected 2021 EBITDA $72 million

  • Protected from wholesale market fluctuation by vertical integration 

  • Team of proven operators allows us to scale up with standard practices in current and new markets

  • Continuing to pursue acquisitions for its prospective  QualifyingTransaction (or “QT”) portfolio in emerging REC and MED states

THE APPROACH

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